Dear Folks! Last day was the day of deadline for withdrawal from our publish0x account. After the introduction of optimism on Publish0x, this is my second instance of withdrawl and I was quite sure and normal because I have already made a withdrawal last week. But, this week, I am still trying to figure out why Binance isn't reflecting my Ethereum deposit while it is showing on the etherscan.io.
Last week, everything went very smoothly and within a little time, I recieved both Ethereum and Optimism in my Binance account. So, I thought that there's nothing to worry while making another withdrawal with the same address. However, as I always do, I still checked with the address and the network situation and Binance is accepting Ethereum via Optimism smart contracts. So I went further and withdrawn both optimism and Ethereum to my Binance account.
After the funds are released from Publish0x side, within a few minutes I recieved Optimism in my Binance account but there's no notification of Ethereum deposit for quite a some time and I thought it might take a little more time to recieve Ethereum, so I went to bed as I was already late.
Then, in the morning when I woke up, the first thing I did was to check if I have recieved Ethereum. For my surprise it wasn't still there so I opened etherscan in a new tab and searched with my deposited address. It was a bit more surprising that on etherscan, the amount had been recieved hours before.
So, I figured out that it's better to reach the customer service or make Binance team aware about the situation. They asked me to full a form with details which I readily did and submitted. It was a kind of a review application which Binance calls 'manual audit' for missing deposits. The application went under review for further proceedings. Please look at the image below to know how does that process look like. Anyways after waiting for hours, there's an update which says 'processing funds'.
Anyways, I thought that they had reviewed about a system mistake or may be something else and my funds should arrive in my account after sometime. But again, for my ultimate level of surprise, I looked down under the review application and it says, "Your application will be processed in 5+ business days".
5+ days, seriously! I was right on every point, deposited right currency, to the right address via right contract. So, I thought, it's better to take this to an upper level and tweeted this incident on X. After some time I recieved a reply from Binance support and they replied with conviction that 'Binance only support direct deposits' and for this reason they need more time to 'retrieve' (mark this) my funds back. Here's the tweet.
Now, what you guys think of this? Is there anything that I didn't understand or didn't take care of while withdrawing Ethereum to Binance. As the support said that Binance doesn't accept smart contract withdrawals for Ethereum then:
- First, Why did I recieve Ethereum within a few minutes last week?
- Secondly, Why is there a note on the deposit page of Ethereum on Binance that Ethereum can be deposited via Optimism?
I have asked both these questions to the Binance support and they haven't replied me till now.
For now, I can only be hopeful that Binance will process the funds earlier but this is kind of an alert for me not to withdraw Ethereum again to Binance or any other centralized exchanges even if they are saying that they accept smart contract withdrawals.
Update:
I withdrew Ethereum (OP) on Binance this week just before the deadline on Sunday 14, January and it arrived almost in no time. Now I think they have sorted out.
¶¶¶•••••••••••••¶¶¶
As Always Thanks for Reading and Tipping
Adios ... Ciao.... Bye ... Take care ...
Read more interesting Articles👇👇
How We Both Can Get $25 Each: A Guide
Read More: A Story of Hope:How Bitcoin Changed Everything
Read More: "If Winter Comes, Can Spring Be Far Behind?"
follow me on Twitter @hodlxpress
follow me on Facebook @hodlxpress
Tap Here to Earn Free Crypto